PIMCO Total Return Fund II INSTL (PMBIX)

Seeks maximum total return, consistent with preservation of capital and prudent investment management

Primary Portfolio

Intermediate-term fixed income securities with quality and foreign issuer restrictions

At a Glance

Symbol

PMBIX

CUSIP Number

693390551

Total Fund Assets (in millions)

$1,161.0

Share Class Inception Date

12/30/1991

Dividend Frequency

Accrues Daily; Distributes Monthly

Maximum Sales Charge

-

Net Operating Expenses

0.5 %

Total Annual Operating Expenses

0.5 %

Objective

Seeks maximum total return, consistent with preservation of capital and prudent investment management

Primary Portfolio

Intermediate-term fixed income securities with quality and foreign issuer restrictions

At a Glance

Symbol

PMBIX

CUSIP Number

693390551

Total Fund Assets (in millions)

$1,161.0

Share Class Inception Date

12/30/1991

Dividend Frequency

Accrues Daily; Distributes Monthly

Maximum Sales Charge

-

Net Operating Expenses

0.5 %

Total Annual Operating Expenses

0.5 %

Daily Price

NAV

Day Return

$10.24

-$0.05-0.48%

YTD Return

0.69%

As of 03/02/15

Historical Prices

02/25/15

$10.29

02/26/15

$10.26

02/27/15

$10.29

Performance quoted represents past performance and is not a guarantee or a reliable indicator of future results. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than original cost when redeemed. Current performance may be lower or higher than average annual returns shown. Performance quoted does not reflect any sales charges, if applicable, and performance would be lower if it did. Click Performance tab for performance current to the most recent month-end.

Fund Overview

Anchor your portfolio with a solid core

Since the launch of Total Return II in 1991, the fund has focused on maximizing total return potential while protecting principal. That emphasis has helped the fund deliver attractive returns through the ups and downs of bond market cycles.

Why Invest In This Fund

Quality, diversification, flexibility

The fund emphasizes higher quality, intermediate-term bonds of U.S. issuers and aims to avoid concentration risk exposure by being more diversified than many traditional core bond funds. Its flexibility to access multiple sectors of the U.S. fixed-income market helps it to manage overall risk and increase total return potential.

Strong long-term returns

Since inception, the fund has helped anchor investors' portfolios as a true core bond holding. Its flexibility and risk-focused approach have helped it deliver attractive returns across varying market and interest rate environments.

A risk-focused approach

Unlike funds that simply seek the highest yield, the fund aims to provide investors with a combination of income and capital appreciation potential. It is guided by a forward-looking, risk-focused philosophy that aims to identify risk early while also being positioned to capture attractive returns.

Our Expertise

The fund's expert portfolio management team – Scott Mather is CIO U.S. Core Strategies, Mark Kiesel is CIO Global Credit and Mihir Worah is CIO Real Return and Asset Allocation – is supported by the full spectrum of PIMCO's global resources and our four decades of active bond management experience.

Related Materials

Managers

Scott A. Mather

Mr. Mather is CIO U.S. Core Strategies and a managing director in the Newport Beach office. Previously he was Deputy CIO and head of global portfolio management. Before that, he led portfolio management in Europe, managed euro and pan-European portfolios and worked closely with many Allianz-related companies. He also served as a managing director of Allianz Global Investors KAG. Prior to these roles, Mr. Mather co-headed PIMCO's mortgage- and asset-backed securities team. Prior to joining PIMCO in 1998, he was a fixed income trader specializing in mortgage-backed securities at Goldman Sachs in New York. He has 20 years of investment experience and holds a master's degree in engineering, as well as undergraduate degrees, from the University of Pennsylvania.

Mark R. Kiesel

Mr. Kiesel is CIO Global Credit and a managing director in the Newport Beach office. He is a member of the PIMCO Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business as well as credit research. Morningstar named him Fixed-Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the financial media. He joined PIMCO in 1996 and previously served as PIMCO's global head of investment grade corporate bonds and as a senior credit analyst. He has 22 years of investment experience and holds an MBA from the University of Chicago's Graduate School of Business. He received his undergraduate degree from the University of Michigan.

Mihir P. Worah

Mr. Worah is CIO Real Return and Asset Allocation and a managing director in the Newport Beach office, a portfolio manager, and head of the real return and multi-asset portfolio management teams. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford Linear Accelerator Center, where he built models to explain the difference between matter and anti-matter. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. He has 12 years of investment experience and holds a Ph.D. in theoretical physics from the University of Chicago.

Featured

Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. This and other information are contained in the fund’s prospectus and summary prospectus, if available, which may be obtained by contacting your investment professional or PIMCO representative. Click here for a complete list of the PIMCO Funds prospectuses and summary prospectuses. Please read them carefully before you invest or send money.

A word about risk:

Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk; investments may be worth more or less than the original cost when redeemed. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Diversification does not ensure against loss.

Past performance is not a guarantee or a reliable indicator of future results. For funds with at least a 3-yr history, Morningstar calculates a Morningstar Rating based on a risk-adjusted return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees) with an emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating is a weighted average of the performance figures for its 3-, 5- and 10-yr (if applicable) Morningstar Rating metrics. Morningstar, Inc.® 2015. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Hollow stars represent a class of shares with inception dates that is different than the inception date of the fund. For the period prior to the inception date of these shares, performance information is based on the performance of the fund’s Institutional Class shares, adjusted to reflect the actual distribution and/or service (12b-1) fees and other expenses paid by the newer share class.

Class A: Ranking does not take into account the maximum initial sales charge and would be lower if it did.

Class B: Ranking does not take into account contingent deferred sales charge and would be lower if it did.